Chevy Malibu Repair or Junk?

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So am I reading this correct that the write off could be whatever the shop teacher and the donating part agree upon as long as it is reasonable. For example I donate a car that needs to have a water pump replaced. The school official and I agree that my car is worth 3000 and that a water pump costs 120.00 from an online dealer. I can claim 2880 in value on my car because the repair and labor will be done by the students hence the reason for the donation to begin with?

Sorry to thread jack - I may be donating down the road.
 
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